TAC Infosec IPO

TAC Infosec IPO will open for subscription from 27 March 2024. The company aims for an issue size of ₹29.99 Cr through this IPO.

Company Overview

Full nameTAC Infosec Limited
IndustryBusiness Support
Company Websitehttps://tacsecurity.com/

About Company

TAC Infosec specializes in offering risk-based vulnerability management and assessment solutions, as well as cybersecurity quantification and penetration testing services to organizations of all sizes and scopes through a ‘SaaS model’. The company provides security software products and solutions both domestically in India and internationally.

The company’s end customers include banks and financial institutions, government regulatory bodies and departments, and large-scale enterprises such as HDFC, Bandhan Bank, BSE, National Payments Corporation of India, DSP Investment Managers Private Limited, Motilal Oswal Financial Services Limited, and NSDL e-Governance.

Its flagship software product is ESOF (Enterprise Security in One Framework), which was launched in 2018. As of 30 September 2023, TAC Infosec had 56 employees, out of which 33 were part of its Operational and Product Development team.

The Objectives of the Issue

  • Acquisition of TAC Security Inc (Delaware, USA) and making it a Wholly Owned Subsidiary thereon,
  • Investment in Human resources and Product Development, and
  • General Corporate Purposes.

TAC Infosec IPO Timetable

IPO Opening date27 March 2024
IPO Closing02 April 2024
Basis of Allotment03 April 2024
Initiation Refund04 April 2024
Credit to Demat Account04 April 2024
Listing Date05 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 2, 2024)

TAC Infosec IPO details

Issue typeBook Built Issue IPO
IPO issue size₹29.99 Cr – 2,829,600 shares
Fresh Issue₹29.99 Cr – 2,829,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹100 to ₹106 per share
Lot size1200 Shares
Market Maker portion141,600 shares
Shareholding pre-issue7,650,000
Shareholding post-issue10,479,600
Listing ExchangeNSE SME

TAC Infosec IPO Lot Size

Retail (Min)11200₹127,200
Retail (Max)11200₹127,200
HNI (Min)22,400₹254,400

TAC Infosec IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

TAC Infosec Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income0.610.615.071.95
(Amount in ₹ Crores)

TAC Infosec Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.08 – 15.99
RONW (%)30.5623.3066.05
ROCE (%)47.3833.2389.82
EBITDA (%)15.5619.9752.82

Company Promoters

  • Mr. Trishneet Arora
  • Mr. Charanjit Singh.

Promoter Holding

Pre Issue Share Holding78%
Post Issue Share Holding56.94%

TAC Infosec IPO Lead Manager(s)

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: +91 79 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com

TAC Infosec Registrar

D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com

TAC Infosec Contact Details

91 Springboard, Kagalwala House, 01st Floor,
C Block, 175, CST Road, Kalina, Santacruz East,
Mumbai, Maharashtra, India, 400098
Phone: +91 9988850821
E-mail: company.secretary@tacsecurity.com
Website: www.tacsecurity.com

TAC Infosec IPO Allotment Status

TAC Infosec IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.

Final thoughts

TAC Infosec IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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